48 Peter Street, Orillia, ON
Property no longer active
This property was sold on August 23, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey duplex located in the coveted neighborhood of Orillia. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $525,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 2 Bedrooms and 3 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 13 x 100 ft lot
- Features a full, partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: In-Law Capability
- equipped with window unit(s) central cooling and highly efficient forced air heating via gas
Description
Welcome to 48 Peter St in the heart of Orillia. Steps to downtown and to the water front where you will find cafes, restaurants, walking paths, beaches, boat launches and more. This mixed use property has huge potential for your investment needs. With commercial space finished at the front of the building with a full basement for storage. A fully finished and operating apartment on the main floor, both will full occupancy permits and certification from the the City of Orillia building department and the Orillia Fire Department. Your income stream can start right away. The second floor apartment space is ready for you to finish the way you like. The entire building has been rewired with 5 electrical panels with ESA approval. The building has new plumbing vents and stacks with thousands been poured into this property and is ready for you. This building has been renovated and re-supported structurely and engineered stamped approved. Located on the second floor is the potential for an additional second residential unit, with application approved for permit on submitted drawings. Second floor has pre-plumbed and framed washroom, main water supply feed, stacks and vents. 3rd floor attic has 100 amp electrical panel. All electrical panels have main shutoff located in basement. Building has full functioning fire panel certified system
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Property Summary
This duplex located at 48 Peter Street, Orillia is currently for sale and has been available on SousaSells for 715 days. This property is listed at $525,000 with an estimated mortgage of $1,748* per month. It has 2 beds, 3 bathrooms, and is 2500-3000 square feet. 48 Peter Street, Orillia is in the Orillia neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 2 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Orillia, Orillia.
- •2 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •2500-3000 sqft of generous functional square footage
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Beach
- Park
- Hospital
Interior Features
- In-Law Capability
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 48 Peter Street, Orillia, ON
Q.What is the asking price for 48 Peter Street, Orillia, ON ?
The current listing price for 48 Peter Street, Orillia, ON in Orillia, Orillia is $525,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 2 bedrooms and 3 bathrooms across approximately 2500-3000 sqft.
Q.What property type and architectural style is 48 Peter Street, Orillia, ON ?
48 Peter Street, Orillia, ON is a Duplex (2-Storey) featuring a Full, Partially Finished basement.
Q.What key property features does 48 Peter Street, Orillia, ON offer?
Key property features include: Beach, Park, Hospital.
Q.What interior features are included in this home?
Interior highlights include: In-Law Capability.
Q.Is parking available at this property?
Yes, this property offers parking space for 4.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Window Unit(s).
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Pricing & Value Insights
Data-driven valuation for 48 Peter Street S, Orillia, ON L3V 5B1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Orillia, ON
For a property listed at $525,000 in Orillia, the legal minimum down payment is $27,500 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,975 for this transaction. As this listing is in Orillia (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.